Teranga Gold Corp. Second Gold Mine In West Africa
Teranga Gold Corporation just announced its’ second gold mine in West Africa. Committed to responsible mining, Teranga’s growing production is in one of the world’s fastest emerging gold regions.
Teranga Gold is a Canadian-based gold mining company which operates the Sabodala Gold mine, the only gold mine and mill in Senegal, West Africa. The Company is focused on continued growth through high return growth initiatives on its 291km2 mine license and highly prospective regional exploration package of approximately 1,000km2 – situated on an emerging gold belt.
Teranga means hospitality and friendliness in Wolof, the main local language of Senegal. The Company’s name reflects its actions and vision of becoming the benchmark for responsible gold mining in the country.
As at December 31, 2015 Teranga’s total proven and probable open pit reserves were 2.6 million ounces of gold included in measured and indicated open pit resources of 4.4 million ounces of gold and inferred open pit mineral resources of 0.94 million ounces of gold. Teranga has an 13.5 year mine life based on current production and proven and probable reserves.
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